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Jun 3, 2023 10:28 AM

EUR/USD Daily Chart Analysis For Week of June 2, 2023 

Euro Fx/U.S. DollarFXCM

Description

Technical Analysis and Outlook:
In our Daily Chart Analysis for the Week of May 26, the euro-dollar price movement followed our projections perfectly. On May 31, the price hit our initial down target of Inner Currency Dip 1.064, followed by a dead cat bounces to our Mean Res 1.075 target last Friday. The retest of the completed Inner Currency Dip 1.064 is in progress, with the strong possibility of falling further to Mean Sup 1.054.
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